Word: handbagged
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...Swedish-born, Milan-based Paulo Melim Andersson, 34, formerly design director of the popular Italian label Marni. Melim Andersson has big shoes to fill: under Philo's direction, Chloé became one of fashion's hottest brands, spurring mile-long wait lists for such must-have items as the Betty handbag and chunky stack-heel boots. Melim Andersson's first collection for Chloé will debut in Paris in March...
ONCE UPON A TIME, FASHION WAS A BUSINESS defined solely by creative talent. A bubble skirt, a padlocked handbag or any other commercial success was attributed to the "artiste" who sketched out his or her dreams and somehow, with just a hemline or a dangly tchotchke, was able to seize the zeitgeist and magically send millions of cash registers ringing. Every six months, newspapers and fashion journals would feature quaint headlines announcing the dictates of those creative types?PARIS SAYS PANTS! Nobody paid much attention to the anxious number crunchers in the back offices studiously poring over sales estimates...
...based brand in 2004. With a mandate from LVMH boss Bernard Arnault to turn the company around, Burke had to find a way to keep designer Karl Lagerfeld in the fold and also massage a better relationship between the designer and Silvia Venturini Fendi, the talent behind Fendi's handbag business. That required yet another kind of nuclear power plant, one that Burke promptly set about creating in the form of Fendi's historic palazzo in the center of Rome, which he renovated in order to relocate scattered design studios and management offices under one roof. The idea...
...BECOME ALMOST ROUTINE in the booming luxury business for curious minds to draw back the industry's proverbial Oz-like curtains to learn the tricks of the trade?how a $10,000 French handbag is stitched or where Brazilian gemstones are mined. But at Swarovski crystals in Wattens, Austria, a town of 8,000 about 20 minutes northeast of Innsbruck by car, the factory?and all the technical knowhow stashed inside?is strictly off limits...
...quickly and strategically. "It's not just an injection of money," says Morra. "They're a sparring partner, someone to sit down to discuss, 'Do we have to open on Madison Avenue or in the meatpacking district?'" He partnered with L Capital because its advisers knew how to get handbag and shoe lines up and running, something that could help Piazza Sempione avoid missteps...